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. >> the president said he prefers a big package. we all do and i hope that there will be some kind of break-through. >> reporter: and u.s. treasury officials are now considering their options just in case congress does not make that august 2nd deadline, and the u.s. defaults on its loans for the very first time. betty? >> tara mergener in washington, thank you, tara. >>> the tsa issued a new terror warning about something called body packing. the government says terrorists may be shifting tactics to evade airport security by sewing explosives inside a suicide attacker's body. sandra hughes has details. >> reporter: the transportation security administration confirms al qaeda operatives in yemen want to surgically implant a bomb inside a human in order to bring down an airplane. >> we've taken it seriously and that's why we have passed it to our foreign partners and tsa air carriers. >> reporter: the tsa alerted airlines worldwide and is beefing up security for international flights headed to the u.s., especially. a law enforcement s
. >> the president said he prefers a big package. we all do and i hope that there will be some kind of break-through. >> reporter: and u.s. treasury officials are now considering their options just in case congress does not make that august 2nd deadline, and the u.s. defaults on its loans for the very first time. betty? >> tara mergener in washington, thank you, tara. >>> the tsa issued a new terror warning about something called body packing. the government says...
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mackey played tight end from 1963 to 1971 and was a big part of their 1971 super bowl win. off the field, mackey was the first president of the nfl players association. wjz spoke with sylvia mackey earlier today, about the loss of her husband. >> i'm doing well, thank you. because -- it's not like all of a sudden, he was killed or something was unexpected. i understood the disease. i knew the direction that it was going in. >> you just hope that it takes longer than it does. and he did outlive the average. the average after diagnosis is 7 to 10 years. he was just hitting the end of the 10th year. >> now, sylvia mackey's concern about her husband's condition is responsible for an ongoing study on the long-term effects of concussions on nfl players. >> john mackey was 69 years old. funeral plans are still being finalized. wjz will have more on his passing coming up at 5:00 and 6:00. >>> despite searching through the night, police have still not found that man armed with a gun and a hammer who attacked a speed camera on the beltway. >> reporter: police have now updated the des
mackey played tight end from 1963 to 1971 and was a big part of their 1971 super bowl win. off the field, mackey was the first president of the nfl players association. wjz spoke with sylvia mackey earlier today, about the loss of her husband. >> i'm doing well, thank you. because -- it's not like all of a sudden, he was killed or something was unexpected. i understood the disease. i knew the direction that it was going in. >> you just hope that it takes longer than it does. and he...
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so the launch of "atlantis" will be bittersweet will be sure a big celebration marked by big questions of what's ahead. >> bob thanks. also with us is charles bolden nasa administrator. >> good to be with you. >> there's a lot of criticism, including john glenn, by ending the program the way it's being ended without a backup plan this is ignoring a cardinal rule at nasa, saying there should be something else ready to go. how do you respond? >> we spent seven years with a well organized transition plan for phasing out shuttle and moving on to the next era. we're excited about what president obama is allowing us to do, working hard with the commercial entities we hope to fly our first commercial crew cargo missions early next year they will be american made rockets flying cargo to the international space station and starting to work with commercial entities, hope to release a request for proposal on commercial contracts to take crew to orbit, maybe three years after we let the contract we'll have a capability. >> many do see this and a number of astronauts have spoken over the last few w
so the launch of "atlantis" will be bittersweet will be sure a big celebration marked by big questions of what's ahead. >> bob thanks. also with us is charles bolden nasa administrator. >> good to be with you. >> there's a lot of criticism, including john glenn, by ending the program the way it's being ended without a backup plan this is ignoring a cardinal rule at nasa, saying there should be something else ready to go. how do you respond? >> we spent seven...
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the big change was the emergence of a electric elevators. starting in 1880, the electric elevator allowed building dollars to go much higher. we evolved from steam hydraulic elevators to the electric elevators that are not that much different from what we are going to see now at the top of the tower. this is the steam room on the top of the state st. francis. -- on top of the state francis. the equipment you see painted green, that is all the original equipment from 1972. we are just now in the middle of modernizing this equipment. >> why modernize? doesn't the equipment works fine? >> it does, it is of analog and intensive, and there are some additional controls. let me introduce the foreman to you. this is vince. he can do a better job explaining the project details. >> what is happening here, what are you doing? >> we are doing a major modernization. we are tearing out the old system, logic controls, and generator controls, and we will be going over to solid state. this is not your standard selector. it does not have a tape that runs it.
the big change was the emergence of a electric elevators. starting in 1880, the electric elevator allowed building dollars to go much higher. we evolved from steam hydraulic elevators to the electric elevators that are not that much different from what we are going to see now at the top of the tower. this is the steam room on the top of the state st. francis. -- on top of the state francis. the equipment you see painted green, that is all the original equipment from 1972. we are just now in the...
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cameron diaz. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. i could use a smartphone with social apps to stay up on what my friends are doing. and it's global, so i'll know what they're doing while they're doing it, even when i travel. i'll have to act surprised when they tell me stuff. i don't have a good surprised face. maybe i can look up videos of surprised people on my new phone for reference. yep, i really want that phone. upgrade to the new droid incredible 2 by htc with global capabilities for only $9.99. now on america's largest, most reliabxr high-z9eed network. veñtzon. >> jon: that's all for today's dr. oz show. [laughter] join me tomorrow when i have an abscess drained. [laughter] by catherine zeta-jones. here it is, your moment of zen. [babies crying] >> you okay, baby? >> they're fighting over a bottle. >> oh, no. oh. >> oh, yeah. >> c
cameron diaz. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. i could use a smartphone with social apps to stay up on what my friends are doing. and it's global, so i'll know what they're doing while they're doing it, even when i travel. i'll have to act surprised when they tell me...
SFGTV2: San Francisco Government Television
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and that is a big change, because before they were the enemy. >> the situation in the netherlands is completely different. cyclists are not encouraged to take their bikes on public transport. it is especially forbidden to have normal bikes and rush hour. the reason is because of 4% of the clients of public transport of trains, by bike. what they provide for our enough bicycle parking and the possibility to take a bite from the station to where you want to go -- and the possibility to take a bicycle from the station to where you want to go to with a public transport bicycle. they say, we do not want to take the bike on the train, only for recreational purposes. on sunday, it is quite easy to take your bike. outside, it is only folding box and a provide enough bike parking. >> the public transport bicycle at the end of the trip, it is that a bike share program? is that a transit program? >> it is a bicycle sharing program. the bikes are not free. the cost 2.85 euros per day to use it. but it is growing very popular. >> on the issue of bikes and transit, in the u.s., a traditionally we
and that is a big change, because before they were the enemy. >> the situation in the netherlands is completely different. cyclists are not encouraged to take their bikes on public transport. it is especially forbidden to have normal bikes and rush hour. the reason is because of 4% of the clients of public transport of trains, by bike. what they provide for our enough bicycle parking and the possibility to take a bite from the station to where you want to go -- and the possibility to take...
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big deal days are back and better than ever! right now, go to priceline for a sneak peek at recent winning hotel bids to find where you can save up to 60% on hotels. we'll even email you other people's winning bids, so you'll know what price to name. with new hotel bid alerts, from priceline. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. ( cheers and applause ) >> jon: welcome back. my guest tonight. >> this isn't working. i'm sorry. >> you know what? i think i can make out our little friend right there. >> can we stop doing this thing here? >> why? >> because you're the girlfriend. >> she's not just my girlfriend anymore. we're engaged now. >> what? >> jon: welcome back to the show jennifer aniston. ( cheers and applause ) >> jon: very nice to see you. >> very nice to see you. >> jon: what's happening? >> as always.
big deal days are back and better than ever! right now, go to priceline for a sneak peek at recent winning hotel bids to find where you can save up to 60% on hotels. we'll even email you other people's winning bids, so you'll know what price to name. with new hotel bid alerts, from priceline. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning...
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you have saying that is what i'm going to hurt him when it comes to reelection that was one of his big promises that he made that's what got a lot of the anti-war left behind him or do people just not you know spencer ackerman made a great point about this that the fact that this is a war that's forgotten is that doesn't even begin to cover it i totally disagree with spencer ackerman statement and i just think i completely disagree with it and i also do think that americans are going to carry i don't think that america think i'm very i that is not a forgotten war he's comparing iraq to korea the cold the korean the korea the forgotten war iraq is not a forgotten war is it is that the forefront of everything today not like it was three four five years ago but how could it be forgotten when you're sitting here talking about it right now because i you know we actually make a point to talk about it here on this program i feel like if you watch a rest of the news then you don't see.
you have saying that is what i'm going to hurt him when it comes to reelection that was one of his big promises that he made that's what got a lot of the anti-war left behind him or do people just not you know spencer ackerman made a great point about this that the fact that this is a war that's forgotten is that doesn't even begin to cover it i totally disagree with spencer ackerman statement and i just think i completely disagree with it and i also do think that americans are going to carry i...
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different sort of of criminal charges and the charges that have been raised here so far are fairly big it's material support he's accused for instance of having conspired to get some education about how to wage war fare having conspired to learn how to make bombs and to teach people how to make them there's not an awful lot of meat in the indictment as it's presented so far on the other hand i would say it's common in these cases that we see a minute indictments and more detail emerging later so this man after being interrogated for two months then reportedly was read his miranda rights and continued to cooperate and waived his right to remain silent how many notches now does this make of people that prove that you can read somebody their miranda rights and they'll cooperate you don't have to torture them. well i think they followed the rule book according to their statement of how it happened they fall of the longstanding department of justice guidelines precisely that is they conducted their intelligence interrogation when that was over there were the miranda rights and then they eng
different sort of of criminal charges and the charges that have been raised here so far are fairly big it's material support he's accused for instance of having conspired to get some education about how to wage war fare having conspired to learn how to make bombs and to teach people how to make them there's not an awful lot of meat in the indictment as it's presented so far on the other hand i would say it's common in these cases that we see a minute indictments and more detail emerging later...
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that was a big deal that you said that. that's your setting the record straight? i accidentally told the truth and wish i could take it back? you're not the... ( cheers and applause ) that's crazy. how are you not the counterweight? >> let me give you a classic example of what fair and balanced means to me. after hurricane katrina, the mainstream media piled on fema for its failure to respond to the crisis. and the federal government did a lousy job. but it was fox news that started reporting on the failure of the first responders, the city of new orleans and the state of louisiana to help people. yes, we reported fema's problems but we also told the other side of the story. >> jon: that's your example? you had a week to prepare an example and you came up with in 2005 everyone was (beep) on the republicans and we made sure they understood that local louisiana democrats (beep) too. i mean, just out of curiosity in your week of digging for that, did you find it on thursday or friday or was it broadcast news where joan sprinted in during the show countdown, "i found
that was a big deal that you said that. that's your setting the record straight? i accidentally told the truth and wish i could take it back? you're not the... ( cheers and applause ) that's crazy. how are you not the counterweight? >> let me give you a classic example of what fair and balanced means to me. after hurricane katrina, the mainstream media piled on fema for its failure to respond to the crisis. and the federal government did a lousy job. but it was fox news that started...
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and some big talks for some big money issues so as president obama tries to build a bridge with tough lawmakers will the result make for a more divided america. it's thursday july thirteenth four pm in washington d.c. i'm christine for a sound if you were watching our team. all right i want to start off by making an observation and i don't think i'm alone and people in this country are obsessed with the u.s. justice system these days with murder and juries and evidence the defense versus the prosecution we can blame it on the casey anthony trial but it's not just casey anthony and it's certainly not new for years shows like law. in order c.s.i. have dominated the airwaves so if the laws of the land you want well then that's what you're going to get we'll talk about it i want to turn now to a law in the way the ana you've probably never even heard of but one that's been in place since before louisiana was even a state in which piece in which people were prosecuted as felons for get this having oral sex and anal sex so when you prosecuted as a felon you're then forced to register as a s
and some big talks for some big money issues so as president obama tries to build a bridge with tough lawmakers will the result make for a more divided america. it's thursday july thirteenth four pm in washington d.c. i'm christine for a sound if you were watching our team. all right i want to start off by making an observation and i don't think i'm alone and people in this country are obsessed with the u.s. justice system these days with murder and juries and evidence the defense versus the...
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. >> charl: linney is currently the star on the show time series the big c. here's a look at that series. >> the doctor. oh, pardon me, sir. dr. sherman, hi. my name's kathy. >> i'm the nurse. >> you're not a drug rap, are you? >> no, no, i'm not. i'm a dying woman who is trying to see the right doctor and ask him if he s any advice on how to save my life. the best i can do is spend the last two hours a day on hold from your office to find out if anyone's canceled. that's not okay. >> i'm going to asyou to leave. >> i will not leave. >> charlie: the big c is currently airing on show time mondays at 10:30 p.m. i'm pleased to have laura lean -- laura linney back at this table. >> thank you, charlie. >> charlie: when you look at that, what do you think? >> it's a weird, you know sort of tapestry of what you feel and i always feel slightly embarrassed when i look at myself. >> charlie: really? you don't look at this clinically and say i can't wait to have somebody watch it. >> i also good off camera. i give performances off camera to people who would never -- i m
. >> charl: linney is currently the star on the show time series the big c. here's a look at that series. >> the doctor. oh, pardon me, sir. dr. sherman, hi. my name's kathy. >> i'm the nurse. >> you're not a drug rap, are you? >> no, no, i'm not. i'm a dying woman who is trying to see the right doctor and ask him if he s any advice on how to save my life. the best i can do is spend the last two hours a day on hold from your office to find out if anyone's canceled....
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because michael ross explains why the big boys should. it's archita along with more insight and opinion on your financial goals. ashcraft a news giving christine legarde much to think about in her first days in charge of the i.m.f. she told reporters that she's picking up the baton from her predecessor to deal with the problems and reforms that began under strauss kahn's watch but as he's christine preside out says there's still more interest in a muckraking than money matters. from violence on the streets of the middle east. to protests in north africa to europe. for portugal's credit rating has been deemed junk. and in greece. unemployment hovers at about sixteen percent and the debt crisis has sparked anger uli all of this anger stemming from poverty and failed economic policies in the us as well high unemployment sits atop a mountain of problems like a housing crisis and slow financial growth. this is the world christine legarde inherits as she begins her new post as managing director of the international monetary fund in her first fo
because michael ross explains why the big boys should. it's archita along with more insight and opinion on your financial goals. ashcraft a news giving christine legarde much to think about in her first days in charge of the i.m.f. she told reporters that she's picking up the baton from her predecessor to deal with the problems and reforms that began under strauss kahn's watch but as he's christine preside out says there's still more interest in a muckraking than money matters. from violence on...
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new rules for leaders of big banks: the f.d.i.c. now can take back two years of pay from execs responsible for a large bank's failure, or negligent in that failure. critics like university of colorado finance professor sanjai bhagat say the new rules only cover salary, not the majority of a c.e.o.'s financial package, like stock and stock options. >> if most, or a good proportion, of a c.e.o.'s compensation comes from their stock and stock options, then the clawback feature might not have as much teeth as we would like. >> tom: and while there's much anticipation over the white house debt ceiling talks, the administration says it's unlikely a final deal will be reached at tomorrow's meeting. an administration spokesperson said a deal to raise the debt ceiling will likely need more sessions. still ahead, from buying a car to buying a house. tonight's "money file" on why your credit score is key to getting a good deal. >> susie: japan is talking stress tests. it's considering stress tests for its nuclear facilities to ease the public'
new rules for leaders of big banks: the f.d.i.c. now can take back two years of pay from execs responsible for a large bank's failure, or negligent in that failure. critics like university of colorado finance professor sanjai bhagat say the new rules only cover salary, not the majority of a c.e.o.'s financial package, like stock and stock options. >> if most, or a good proportion, of a c.e.o.'s compensation comes from their stock and stock options, then the clawback feature might not have...
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and it could have same sort of financial market response as a greek people we have to remember the big republican been putting up with this with much longer than the portuguese public have so maybe a year down the line we might be seeing similar process in portugal in lisbon as we're seeing now in greece so we call really mitigate for that. they're still the pope probably will put one rest in the central countries such as germany where there's the outrage against the bailouts not just to greece but to countries such as. and this political unrest seems to keep growing and will keep growing with a second bailout portugal the alternative is there will be a default in these countries at the moment the real approach just seems to be to lay it for as long as possible it looks as if germany and france are dictating this and they are trying to protect their banks and the inevitable default they do allow the countries to fund themselves for short amount of time for a year or two but ultimately these countries are insolvent and they will not be able to promise themselves in the long term so they
and it could have same sort of financial market response as a greek people we have to remember the big republican been putting up with this with much longer than the portuguese public have so maybe a year down the line we might be seeing similar process in portugal in lisbon as we're seeing now in greece so we call really mitigate for that. they're still the pope probably will put one rest in the central countries such as germany where there's the outrage against the bailouts not just to greece...
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cannot be only driven by the hope to reduce fiscal deficits and organize fiscal consolidation in a big way whether you look at advanced economies or whether you look at emerging markets or low income countries the issue of employment. is a critical one the one hundred eighty seven nation organization has already lent one hundred sixty billion dollars to cash strapped nations many of which have little hope for paying it back. so the real questions are manifested here on the streets of some of the nation suffering the most are accepting aid from the i.m.f. has been presented at times as the only option as a series of measures are now being put into place the questions too are in the dollar and how its value may or may not change under her watch for managing the debt crisis around the world will fall at the top of her agenda as the rest of the world watches with hope first ability in an unstable world in washington christine for south r.t. and next hour here on our show you the report takes on the euro countries who are selling the family silver just to stay afloat. in the introduction of
cannot be only driven by the hope to reduce fiscal deficits and organize fiscal consolidation in a big way whether you look at advanced economies or whether you look at emerging markets or low income countries the issue of employment. is a critical one the one hundred eighty seven nation organization has already lent one hundred sixty billion dollars to cash strapped nations many of which have little hope for paying it back. so the real questions are manifested here on the streets of some of...
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european countries regarding to zero budget but and we've got a real real big issue considering the cash in which there is not coming. from and to look like the refinance it's a decent on interest because of the legal groups the benefit is coming from the lake of the group since it is countries and their bad economic news and secure again it's a question of the grading if only we can see the. real greek mess. well the cash strapped e.u. is giving christine legarde much to think about first days in charge of the i.m.f. she told reporters that she's picking up the baton from her predecessor to deal with the problems and reforms that again under dominic strauss kahn that is i think christina fears our reports there's still more interest in muck raking in money matters. the from violence on the streets of the middle east. to protests in north africa to europe. portugal's credit rating has been deemed junk. and in greece the owner unemployment hovers at about sixteen percent and the debt crisis has sparked anger nearly all of this anger stemming from poverty and failed economic policies
european countries regarding to zero budget but and we've got a real real big issue considering the cash in which there is not coming. from and to look like the refinance it's a decent on interest because of the legal groups the benefit is coming from the lake of the group since it is countries and their bad economic news and secure again it's a question of the grading if only we can see the. real greek mess. well the cash strapped e.u. is giving christine legarde much to think about first days...
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captain efficient got the next from a free kick but she did have a bit of help and a fraction very big deflection actually you say the us a good response in the second half and got one back for abby wambach who they could manage to finish second in group. problems highly rated midfielder luka mode which will stay at the club according to his agent and he told british media mode which will on his contract which still has five years left to run the twenty five year old coronation flew back to london this week and begins pre-season training today after meeting club chairman daniel levy levy is adamant though the club will not sell the player enjoying from the norm is a grad and two thousand and eight for twenty five million dollars. had recently turned down offers from london rivals chelsea team or liverpool have reached agreement with relegated blackpool for scott midfielder charlie had twenty five year old travel to anfield wednesday and has passed his medical records had two bids from him rejected in january reopen to the end of the season the. contract will be little second summer sig
captain efficient got the next from a free kick but she did have a bit of help and a fraction very big deflection actually you say the us a good response in the second half and got one back for abby wambach who they could manage to finish second in group. problems highly rated midfielder luka mode which will stay at the club according to his agent and he told british media mode which will on his contract which still has five years left to run the twenty five year old coronation flew back to...
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yes i think that could be seen as real to be a real big point of. today's interview tries to find responsibilities and maybe to say to the public opinion we've got a problem here and that's not the only our opinion what is very very. obvious is to say for instance that. european politicians might say the financial markets are today a very bad word it's a european that's not true in fact investors aren't trying to see a trade to understand what what could be zero to keep the cash in it's a different countries of europe the european countries and then seven let's let's i'm sorry for interrupting let's address the issue of control here i mean is the e.u. using this as an opportunity to push through legislation which would give them some level of control credit rating agencies do you think. that's could be of course you see the i think it's a bad case today really see is there any real big criticism that the g. don't go on for instance rating agencies mental there is always no there is absolutely no possibility see that's the way that for instance a gre
yes i think that could be seen as real to be a real big point of. today's interview tries to find responsibilities and maybe to say to the public opinion we've got a problem here and that's not the only our opinion what is very very. obvious is to say for instance that. european politicians might say the financial markets are today a very bad word it's a european that's not true in fact investors aren't trying to see a trade to understand what what could be zero to keep the cash in it's a...
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but jeff gordon -- how big is that team? >> well, we -- >> jimmy: how big is your team? >> i mean, our organization, we have four teams -- jimmie johnson, dale earnhardt jr., mark martin and myself -- and there's about over 500 employees that make up those four cars. there's probably 60 dedicated to just our team. >> jimmy: and gosh, i mean, you have the most loyal fans on the face of the earth. >> i think the guy from alabama actually -- >> jimmy: yeah, yeah, yeah. you brought him with you? yeah, yeah. thanks so much. i knew something was up. i went to a couple nascar events and you just see these people. i mean, just like -- it's the most fun thing. if you've never done nascar. i mean, a lot of new yorkers probably don't know it as much, but go out and try it because it's the most amazing -- it's almost like going to lollapalooza or something. [ light laughter ] >> yeah, it is really like a cult following, you know, and every weekend hundreds of thousands of people there. >> jimmy: and even if the race isn't remotely in town. >> oh yeah. >> jimmy: there's tents and rvs
but jeff gordon -- how big is that team? >> well, we -- >> jimmy: how big is your team? >> i mean, our organization, we have four teams -- jimmie johnson, dale earnhardt jr., mark martin and myself -- and there's about over 500 employees that make up those four cars. there's probably 60 dedicated to just our team. >> jimmy: and gosh, i mean, you have the most loyal fans on the face of the earth. >> i think the guy from alabama actually -- >> jimmy: yeah,...
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determine the fate of entire countries that's the verdict of germany's finance minister on the world's big three credit rating agencies after portugal had its debt downgraded to junk status the move is having a disastrous effect on the e.u. ripping apart the relative calm wrought by a second greek bailout the panic is proving contagious with fresh fears emerging that may also need another cash injection it comes as germany the biggest economy debates the very legality of the bailouts but the only fault of the ratings agencies is that they didn't downgrade portugal in greece any sooner that's according to writer and editor patrick young. the european union to three years ago said the problem with credit ratings were that their their ratings couldn't be trusted then all of a sudden when they actually come up with plausible ratings against the european union suddenly the finance ministers such as mr shaw are saying that oh these are discreet small companies because actually they're trying to get at the truth but actually one of the biggest things that they got wrong was the fact that they wer
determine the fate of entire countries that's the verdict of germany's finance minister on the world's big three credit rating agencies after portugal had its debt downgraded to junk status the move is having a disastrous effect on the e.u. ripping apart the relative calm wrought by a second greek bailout the panic is proving contagious with fresh fears emerging that may also need another cash injection it comes as germany the biggest economy debates the very legality of the bailouts but the...
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used to feed the bedroom so that's the business model of america that's all they got to love is one big bamboo petting zoo but you wonder like. who is financing the rest of this who is the either american. they're living totally off the good kind reach the greeks are financing the rest of the transfer mechanism of imposing austerity measures in greece portugal and spain so the banks can keep the bad things you in america open and of course there's china and there's japan who are financing to the tune of two trillion a year all these debts of america so is it going to feed the american population in the petting zoo or the military operations around the world it looks like a worse situation than in greece all right thanks so much for being on the kaiser report thank you max i'll go much more coming away to see whether i. really believe some signs and signals from the realms. we're going to the future are covered. richard price. from feinstein. who stars on t.v. dot com. but come back to the kaiser report time now to go to new york and speak with dr michael hudson dr hudson welcome back to
used to feed the bedroom so that's the business model of america that's all they got to love is one big bamboo petting zoo but you wonder like. who is financing the rest of this who is the either american. they're living totally off the good kind reach the greeks are financing the rest of the transfer mechanism of imposing austerity measures in greece portugal and spain so the banks can keep the bad things you in america open and of course there's china and there's japan who are financing to...
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determine the fate of entire countries that's the verdict of germany's finance minister on the world's big three credit rating agencies after portugal had its debt downgraded to junk status the move is having a disastrous effect on the e.u. ripping apart the relative calm bored by a second a greek bailout the panic is proving contagious with fresh fears emerging that ireland may also need another cash injection that comes as germany the e.u.'s biggest economy debate the very legality of the bailout more on this we're joined by patrick young a writer and editor life in poland. thank you for joining us today mr young so moody's the rating agency behind the move has been involved in a number of scandals from claims of blackmail to labeling junk assets out. aaa back in two thousand and eight when liable for their writings well look this is the really interesting situation isn't it really i mean what we've seen is the european union to three years ago said the problem with credit ratings were that their their ratings couldn't be trusted then all of a sudden when they actually come up with plaus
determine the fate of entire countries that's the verdict of germany's finance minister on the world's big three credit rating agencies after portugal had its debt downgraded to junk status the move is having a disastrous effect on the e.u. ripping apart the relative calm bored by a second a greek bailout the panic is proving contagious with fresh fears emerging that ireland may also need another cash injection that comes as germany the e.u.'s biggest economy debate the very legality of the...
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>>> it's a classic tale of big business versus mom and pap. we're talking about new york's historic little italy. where traditional restaurants are trying to in compete with a new, italian powerhouse. richard roth explains. >> now, that's good. >> reporter: good seems an understatement for public reaction to eataly, the upscale extravaganza in manhattan. the new york branch of a global rollout, eataly rolled out with hype. >> eataly will become a destination for food aficionados from far and wide. >> reporter: those that cooked up eataly, says it's doubled projections. >> everyone seems to love everything about eataly. >> reporter: not everybody loves eataly. especially those in historic little italy. >> eataly is a great place. but it's more of a shopping mall. >> i respect the chefs of eataly. but eataly itself, there's restaurants in eataly. but it's not an italian experience. >> reporter: before the cheese heats up, eataly is not taking the bait. >> we're huge fans of little italy. i think little italy celebrates a part of new york that's
>>> it's a classic tale of big business versus mom and pap. we're talking about new york's historic little italy. where traditional restaurants are trying to in compete with a new, italian powerhouse. richard roth explains. >> now, that's good. >> reporter: good seems an understatement for public reaction to eataly, the upscale extravaganza in manhattan. the new york branch of a global rollout, eataly rolled out with hype. >> eataly will become a destination for food...
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i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result and get our debt under control and deal with it in a bipartisan way, the better for the country and the quicker we will be able to get on to the larger question of jobs. of course, economists have made it clear to us that getting the debt under control has a lot to do with jobs, that when our total debt is as high as it is today, nearly 100% of our gross domestic product, that that probably costs us a million jobs a year. we can't solve all that in one day or one month, but we can take a big step in the right directio
i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result...